Which of the following accounts will appear in a post-closing trial balance?
A) Dividends
B) Retained Earnings
C) Operating Expense
D) Fees Earned

Question

Quizplus · Accepted Answer

Only the balances of permanent accounts (assets, liabilities, and equity) are carried forward to the next accounting period. Dividends, operating expenses, and fees earned are temporary accounts that are closed out at the end of the accounting period and therefore will not appear in the post-closing trial balance. Retained earnings, as a permanent account, will appear in the post-closing trial balance.

Which of the Following Accounts Will Appear in a Post-Closing